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li on the difference in 24 hours. susan? >> a new reality that inflation is higher and may stay elevated for some time. today's wholesale prices are the inflation that producers pay still much higher than a year ago. sure, coming down from the previous month. couple that with yesterday's consumer price jump and we're close to the 40-year highs and that's more than four times the way the federal reserves thinks is healthy for the economy. close to a third predicting a full 1 percentage point rate hike from the central bank. that could be the biggest central increase since 1984 when pa...

Today at 2:00 p.m. eastern on ms nbc. for americans with family members in iraq, the news is sinking in their loved ones will come home by the ended of this year. we have new reaction along with veterans about the plan announced by president obama. my colleague is joining me with more. good morning to you, mike. it's been a few days now. what's the reaction been like? >> good morning, alex. we sampled opinion and reaction coast to coast on this. from the carolinas and northwest and chicago in the middle. we hear a couple of things. americans have been weary about iraq for a long time. all th...

More details from the authorized biography of steve jobs. this one is about his ties to former president bill clinton. the book states that in a phone call with the former president, clinton reportedly asked jobs how to deal with the "lewinski" issue. he said i don't know if you did it, but you've got to tell the country. the biography based on more than 40 interviews with steve jobs goes on sale tomorrow. applications up. check my email and text messages. hands in position. airbags. ten of 'em. perfect. add blind spot monitor. 43 mpg, nice. dependability. yeah. activate dog. a bigger dog. [ m...

The church will call for reform, stronger regulations and a greater focus on people over profits. joining me from washington is father thomas reese of georgetown, university. thanks for joining us. >> good morning. >> i know that you've described this statement of support as the vatican positioning itself to the left of nancy pelosi, which to me sounds like a bit of a new place for the vatican to be. is it? >> well, that's a problem. i mean, a lot of people in the united states think the pope is a republican because he opposes abortion and gay marriage. but when you look at his economic positi...

I'd like your thoughts on his 9-9-9 plan. what makes the flat tax better than 9-9-9-9-9? >> caller: the 9-9-9 has a 9% sales tax which is a very tough sell politically. most sales taxes are 8%, 9%. to add 9% to that, really it's a turn-off for people. they have problems of regressivity, which is why he's coming up with proposals for rebates for people with low incomes. so i think it's just simpler and easier to take the current code, junk it, replace it with a simple flat rate with a generous deduction for adults and for kids. >> you know, steve, the gop is being criticized for focusing on tax...